October 30, 2021
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The PIF’s takeover of Newcastle is one in a long line of controversial buyouts across football. The Glazers at Manchester United, Sheikh Mansour at Manchester City, Stan Kroenke at Arsenal, and Roman Abramovich at Chelsea have all come in for criticism at different times, but the Newcastle deal has been especially divisive, with many fans and commentators questioning how the new Saudi owners passed the Premier League’s fit and proper persons test.
It’s one part of a long and complicated process required to buy a club, and with greater interest than ever in the financial workings of the game, we’re taking a look at how teams change hands - from how deals are put together, to the aims of different buyers, to the moral questions around ownership.
If you’ve ever wondered who can purchase a football team, start here.
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By Football Daily
